Form 4: Esopus Creek Value Series Fund LP Increases Stake in Nu Ride Inc.

Esopus Creek Value Series Fund LP, a significant shareholder in Nu Ride Inc. (NRDE), has increased its holdings through open market purchases.

Summary

• Esopus Creek Value Series Fund LP Series A, through its advisor Esopus Creek Advisors LLC, has reported changes in its beneficial ownership of Nu Ride Inc. (NRDE) common stock.
• On April 24, 2025, the fund purchased 7,500 shares at $1.32 per share, increasing its direct holdings to 707,500 shares.
• A further purchase of 7,500 shares occurred on April 25, 2025, at $1.3249 per share, bringing the total direct holdings to 715,000 shares.
• Andrew L. Sole, as managing member of Esopus Creek Advisors, LLC, disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction by a major shareholder. The increased stake could be seen as mildly positive, but the disclaimer of beneficial ownership by Andrew L. Sole tempers any strong positive interpretation.

Positives

• The increased stake by Esopus Creek Value Series Fund LP could be interpreted as a sign of confidence in Nu Ride Inc.'s future prospects.

Risks

• Andrew L. Sole disclaims beneficial ownership of the securities except to the extent of his pecuniary interest, which could indicate a limited commitment.

Management Comments

• Andrew L. Sole disclaims beneficial ownership of the securities covered by this statement except to the extent of the pecuniary interest of such person in such securities.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell the company's securities. This filing indicates changes in ownership by a major shareholder.

Stakeholder Impact

• The increased stake by a major shareholder could have a slightly positive impact on shareholder confidence.

Key Dates

Keywords

Nu Ride Inc., NRDE, Esopus Creek Value Series Fund LP, Beneficial Ownership, Stock Purchase, Form 4, Andrew L. Sole